{"id":113658,"date":"2020-01-16T10:56:54","date_gmt":"2020-01-16T03:56:54","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-drop-53-1-in-december\/"},"modified":"2020-01-16T11:22:18","modified_gmt":"2020-01-16T04:22:18","slug":"new-private-home-sales-drop-53-1-in-december","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-drop-53-1-in-december\/","title":{"rendered":"New private home sales drop 53.1% in December"},"content":{"rendered":"


\nParc Botannia sold the most units in December 2019.\u00a0 \u00a0
\nWith 370 residential units launched in December, developers sold 538 new private homes last month, down 53.1% month-on-month and 10.6% year-on-year, according to developers\u2019 monthly sales data released by the Urban Redevelopment Authority (URA).\u00a0\u00a0
\nLast month\u2019s top-selling projects were: Parc Botannia (49 units at a median price of $1,345 per sq ft) (psf), Parc Esta (45 units at a median price of $1,666 psf), Parc Clematis (40 units at a median price of $1,638 psf), and Jadescape (37 units at a median price of $1,715 psf).
\nImage: Colliers International
\nExperts: December a slow month for sales due to holidays and lack of new launches
\n\u201cThe lower sales volume in December is expected because of the year-end school holidays and lack of new launches to excite buyers,\u201d said Sze Teck Lee, Head of Research at Huttons Asia.
\nOrangeTee & Tie Head of Research and Consultancy Christine Sun, on the other hand, attributed the small number of launches to developers\u2019 anticipation of a resurgence in buying interest at the start of the year, when buyers start returning following the year-end holidays.
\nFor the whole of 2019, around 9,849 new private homes were sold, up 12% from the 8,795 units moved in 2018. It is also the highest annual figure achieved since 2017\u2019s 10,566 units \u2013 indicating buyers\u2019 gradual acceptance of the property cooling measures rolled out in July 2018, said Tricia Song, Head of Research for Singapore at Colliers International.
\nShe noted that the sweet spot continues to be family-sized units of two-bedroom units and three-bedders priced from $1million to $1.5 million.
\n\u201cWe estimate 78% of the total developer sales in 2019 were priced at the median price of $1,000 to $2,000 psf,\u201d she added.
\nFor this year, around 30 launches have already been lined up, with about 50% situated within the Core Central Region (CCR) and the rest evenly spread between the Outside Central Region (OCR) and Rest of Central Region (RCR), said Sun.
\nPrivate home sales to grow in 2020
\n\u201cWe anticipate that demand for new homes may remain robust, and the new sales volume could hover between 9,000 and 9,800 units for the whole of 2020.\u201d
\nSun expects new home prices to increase around 2 to 4% this year, while Song projects prices to grow 3%.
\n\u201cWe believe home sales will continue to be resilient in 2020, supported by several factors: more stable economic growth (Oxford Economics projects that the Singapore economy could grow by 1.4% in 2020); the low interest rate environment; low unemployment rate in Singapore; relatively healthy household balance sheet; available pool of genuine buyers; and no exuberance in the market, thereby reducing the risk of the government imposing new cooling measures,\u201d explained Song.
\n\u201cTo ensure the property market remains stable, we believe the government will keep the existing property curbs in place, with little chance of unwinding any measures, barring a severe economic downturn,\u201d she added.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…New private home sales drop 53.1% in December<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Parc Botannia sold the most units in December 2019.\u00a0 \u00a0 With 370 residential units launched...<\/p>\n","protected":false},"author":1,"featured_media":113659,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-113658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2020\/01\/Top-selling-projects-in-december-2019-ura.png?fit=820%2C407&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tzc","jetpack-related-posts":[{"id":110877,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/parc-clematis-accounted-for-28-17-of-augusts-sales\/","url_meta":{"origin":113658,"position":0},"title":"Parc Clematis accounted for 28.17% of August\u2019s sales","date":"September 18, 2019","format":false,"excerpt":"\r According to reports, buyers generally remained price-sensitive and value-discerning, opting for projects near transport links and priced at affordable quantum. Parc Clematis, the top selling private residential project in August, accounted for 28.17 percent of the 1,122 units sold last month. Located at Jalan Empeng, the 99-year leasehold development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-home-sales-slow-in-sept-due-to-ghost-month\/","url_meta":{"origin":113658,"position":1},"title":"New home sales slow in Sept due to Ghost Month","date":"October 16, 2017","format":false,"excerpt":"\r View of private residential properties in Singapore. Property developers sold 657 private housing units in September, down 47.3 percent from 1,246 units in the previous month, according to data released on Monday (16 October) by the Urban Redevelopment Authority (URA). Analysts attributed the big drop in sales to the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-30-m-o-m-in-april\/","url_meta":{"origin":113658,"position":2},"title":"New private home sales down 30% m-o-m in April","date":"May 16, 2019","format":false,"excerpt":"\r Sales of new condominium units in Singapore fell on the back of fewer project launches last month. Data released by the Urban Redevelopment Authority on Wednesday (May 15) shows that 444 private homes were launched for sale in April, down 75 percent from 1,812 units in the previous month,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-sales-up-15-in-october-despite-no-major-launches\/","url_meta":{"origin":113658,"position":3},"title":"Developer sales up 15% in October despite no major launches","date":"November 15, 2017","format":false,"excerpt":"\r Sophia Hills in Mount Sophia was the top-selling private residential project last month. Sales of new private homes excluding executive condominiums (ECs) rose 15.4 percent to 758 units in October from 657 in the previous month, according to data from the Urban Redevelopment Authority on Wednesday (15 November). However,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-private-home-sales-down-34-in-may\/","url_meta":{"origin":113658,"position":4},"title":"New private home sales down 34% in May","date":"June 16, 2017","format":false,"excerpt":"\r Artist\u2019s impression of Parc Riviera at West Coast Vale. Property developers in Singapore sold 1,024 private homes in May, down 34 percent from 1,558 units in April, according to latest numbers from the Urban Redevelopment Authority. Unlike the previous month which saw two major projects hit the market \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74766,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/private-home-sales-to-cool-down-in-dec-jan\/","url_meta":{"origin":113658,"position":5},"title":"Private home sales to cool down in Dec, Jan","date":"December 18, 2017","format":false,"excerpt":"\r Parc Botannia is a 99-year leasehold condominium development located at Fernvale Rd in District 28. Excluding executive condominiums (ECs), private home sales in Singapore slightly increased to 785 units in November compared to 760 units in the prior month, according to data from the Urban Redevelopment Authority (URA). On\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113658"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=113658"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/113658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/113659"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=113658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=113658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=113658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}